You are given the following information. What is the initial
cash outflow?
Purchase and installation of...
You are given the following information. What is the initial
cash outflow?
Purchase and installation of new equipment $12,000
The sale price of replaced equipment $ 4,000
Book value of replaced equipment $ 3,000
When the new equipment is installed:
Inventory increase $ 2,000
Accounts payable decrease $ 1,000
TAXES 40%
IN YOUR ANSWER DO NOT USE WORDS JUST NUMBERS SUCH AS 000,000
000000
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Abdul-Rahim Taysir
The following information is taken from the operating section of
the statement of cash flows (direct...
The following information is taken from the operating section of
the statement of cash flows (direct method) of Battery Builders,
Inc.: Collections from customers $ 28,000 Payments to suppliers for
purchases (13,000 ) Payments for operating expenses (9,000 )
Payments for income taxes (4,000 ) Cash provided by operating
activities 2,000 The following information is obtained from the
income statement of Battery Builders: Net income $ 4,000
Depreciation expense 4,000 Gain on sale of equipment 2,000
Write-off of intangibles 1,000...
If anyone could please answer this using the Indirect Method of
Cash Flows. I really just...
If anyone could please answer this using the Indirect Method of
Cash Flows. I really just need a better understanding of it so if
you could show why you put a certain number it would be great.
Thank You!
Changes in account balances for Dumpster Fire, Inc. during 2016
were as follows:
Decrease in Accounts Payable 15,000
Increase in Accounts Receivable 22,000
Decrease in Accumulated Depreciation 7,000
Increase in Common Stock 75,000
Decrease in Copyright 12,000
Increase in Dividends Payable...
Given the following Financial Information Answer the following
question:
2017
2018
Cash
7,000
218,462
Accounts Receivable...
Given the following Financial Information Answer the following
question:
2017
2018
Cash
7,000
218,462
Accounts Receivable
8,000
8,800
Inventory
4,000
4,400
Prepaid Assets
3,000
3,300
Other Assets
1,000
1,100
Total Current Assets
23,000
236,062
Net PPE
80,000
14,000
Intangibles
4,000
4,000
Total Assets
107,000
254,062
Accounts Payable
8,000
8,800
Salary Payable
1,000
1,100
Notes Payable
3,000
3,000
Total Current Liabilities
12,000
12,900
Long-Term Debt
50,000
50,000
Total Liabilities
62,000
62,900
Common Stock
70,000
70,000
Retained Earnings
-25,000
121,162
total equity...
USE THE FOLLOWING INFORMATION TO CONSTRUCT AN INCOME STATEMENT
AND BALANCE SHEET FOR 2011. ASSUME THE...
USE THE FOLLOWING INFORMATION TO CONSTRUCT AN INCOME STATEMENT
AND BALANCE SHEET FOR 2011. ASSUME THE TAX RATE IS 40%. (COMMON
EQUITY IS A PLUG IN NUMBER)
ITEM
2010
2011
SALES
10,000
12,000
DEPRECIATION
3,000
3,000
COST OF GOODS SOLD
2,000
2,000
OTHER EXPENSES
3,000
4,000
INTEREST
1,000
1,000
CASH
1,000
1,000
ACCOUNTS RECEIVABLE
3,000
3,000
S.T. NOTES PAYABLE
1,000
1,000
L.T. DEBT
10,000
11,000
NET FIXED ASSETS
20,000
20,000
ACCOUNTS PAYABLE
2,000
2,000
INVENTORY
3,000
3,000
DIVIDENDS
600
600...
The following balances are available from the unadjusted trail
balance below for 2016.
Account
Balance
Cash...
The following balances are available from the unadjusted trail
balance below for 2016.
Account
Balance
Cash
$ 12,000
Accounts Receivable
3,000
Inventory
5,000
Investments
2,500
Accounts Payable
4,000
Dividends Payable
2,000
Bonds Payable
4,500
Sales Revenue
10,000
Service Revenue
1,000
COGS
7,000
Wage Expense
1,000
Rent expense
500
Dividends Declared
450
Common stock
2,000
Retained earnings on of 1/1/2016
$ 11,950
After the necessary closing entry for 2016, what will be the
ending 2016 balance of retained earnings?
Statement of Cash Flows
Amount
OA, IA, or FA (for extra credit only)
Accounts payable increase...
Statement of Cash Flows
Amount
OA, IA, or FA (for extra credit only)
Accounts payable increase
$ 9,000
Accounts receivable increase
4,000
Salaries payable decrease
3,000
Amortization expense
6,000
Cash balance, January 1
22,000
Cash balance, December 31
15,000
Cash paid as dividends
29,000
Cash paid to purchase land
90,000
Cash paid to retire bonds payable at par
60,000
Cash received from issuance of common stock
35,000
Cash received from sale...
The comparative balance sheets for Cullumber Corporation show
the following information.
December 31
2017
2016
Cash...
The comparative balance sheets for Cullumber Corporation show
the following information.
December 31
2017
2016
Cash
$33,400
$12,900
Accounts receivable
12,200
10,000
Inventory
11,800
9,100
Available-for-sale debt investments
–0–
2,900
Buildings
–0–
29,800
Equipment
45,200
20,200
Patents
5,000
6,300
$107,600
$91,200
Allowance for doubtful accounts
$3,000
$4,600
Accumulated depreciation—equipment
2,000
4,500
Accumulated depreciation—building
–0–
5,900
Accounts payable
5,000
2,900
Dividends payable
–0–
4,900
Notes payable, short-term (nontrade)
3,000
4,000
Long-term notes payable
31,000
25,000
Common stock
43,000
33,000
Retained earnings...
The following information were extracted from its financial
statements of Avatar Corporation:
Net Loss
($15,800)
Depreciation...
The following information were extracted from its financial
statements of Avatar Corporation:
Net Loss
($15,800)
Depreciation
$25,300
Issuance of bonds payable
$31,400
Payment of dividend
$5,300
Purchase of equipment
$1,200,000
Sale of equipment
$320,000
Increase in inventory
$12,000
Issuance of common stock
$28,000
Loss on sale of equipment
$42,000
Purchase of treasury stock
$38,000
Increase in accounts payable
$14,000
Increase in accounts receivable
$9,000
Decrease in accrued liability
$1,000
Required:
Prepare a statement showing the computation of the company’s net...